A Special Term Loan scheme for Chartered Accountants (CAs) by Poonawalla Finance  #PoonawallaFinance  #termloan #covid #economy #CharteredAccountants
Money Mantra

Special term Loan scheme by Poonawalla Finance 

Special Term Loan scheme for Chartered Accountants by Poonawalla Finance

This pandemic has triggered ample changes and has been disastrous not only to the public healthcare but even for our economy. It seems to have given a dry run even to the 2008 Global Financial Crisis. During these trying times, any sort of special financial scheme comes as a boon. Looking at the current economic sentiments, Poonawalla Finance has rolled out a special Term Loan scheme for Chartered Accountants (CAs).

Poonawalla Finance Private Limited, a part of Cyrus Poonawalla Group, started its operations in April 2019. It is a systematically important non-deposit taking NBFC, having a net worth of USD 11.4 billion. Since its inception, it has crossed INR 1,500 Crores in AUM and offers digital lending services (Business Loans, Personal Loan) to Individuals, Professionals, and MSMEs, via the online and offline ecosystem.

A Special Term Loan scheme for Chartered Accountants (CAs) by Poonawalla Finance  #PoonawallaFinance  #termloan #covid #economy #CharteredAccountants

What is this Special Term Loan scheme for Chartered Accountants?

This Professional Loan for Chartered Accountants has been rolled out to meet their professional requirements for quick financing. This customized loan is in line with their requirement of low-cost funds for their practice as well as for their personal exigencies. It is aimed to benefit over three lakh Chartered Accountants (members of ICAI).

Features of Term Loan scheme for Chartered Accountants:

  1. No Collateral/security
  2. Quite an attractive rate of Interest
  3. The scheme offers Personal and Professional loan with ZERO prepayment charges
  4. Minimal documentation and quick approval timelines
  5. Easy and 100% Online application process
  6. Applicable for individuals between 22-65 years of age
Mr. Abhay Bhutada, MD and CEO, Poonawalla Finance said, “This special loan scheme is a part of our mission to offer credit support to enterprises and individuals so that they can meet their credit requirements.”

In these unprecedented times, when individuals and businesses are facing a serious liquidity crunch, such tailor-made schemes are extremely helpful to boost our economic growth. Availing easy credit facility, with no hidden and extra charges, comes as a breather to strengthen the entrepreneurial ecosystem of India and it will help Chartered Accountants to boost their business requirements.

With great sentiments for this scheme, Poonawalla Finance cited that they received more than 4,000 loan applications within the first month. Out of this, they have already sanctioned loans to more than 1500 Chartered Accountants, worth Rs.150 crore.

Mr. Adar Poonawalla, Chairman, Poonawalla Finance, says, “It is delightful to have the special loan scheme to support the credit needs of the Chartered Accountant professionals in these unprecedented times”.

Adar Poonawala, Chairman-Poonawalla-Finance

This indeed comes as a very flexible opportunity for CA’s, with Poonawalla Finance’s belief in their customer-centric model. India needs such Financial lending and the innovative concept’s to rise back to its economic glory!

Disclaimer:

The information presented is only for informational purposes and shouldn’t be seen as any kind of advice. Always refer to your Financial Advisor for financial advice.

Jhilmil

Quest to live the life surrounded with the charming little bundle's of joy. When they speak, I sing, When they smile, I rejoice , When they hug, I hold them never to lose, Such is my passion for these Gifts of God.

This love urged me to navigate separately from my Travel Blog & establish an "All-In-One" Blog for budding mothers. Mum's have multi-tasked this world ,with all her professional commitments , she still makes an extra effort to be a loving, caring and be an intellectual mommy! Cheers, for me too come from the same fraternity, post having a superb academics & close to 8 years of professional experience and blessed with a little one "who has indeed changed my life from Autumn to Spring";)

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11 Comments

  1. Tailor made schemes are going to help many individuals. In times like this, anything that suits one’s preferences is going to be a big hit

  2. Mayura Amarkant says:

    This is a very useful post for CAs. A brilliant scheme by Poonawalla Finance.

  3. Swati Mathur says:

    Poonawalla finance has come with great scheme for CA’s to boost and encourage their business initiations. Very informative post.. Thanks for sharing.

  4. Ruchi Verma says:

    This scheme is really great for all CA’s , I feel the terms and their key features are really good!!

  5. Rajshree Sawant says:

    This is such a wonderful financial opportunity for Chartered Accountants. This plan has some really amazing benefits like Zero Prepayment charges and no collateral.

  6. This is such an amazing post, I really found it informative and I am sharing this with my CA friend

  7. This is very informative especially for us who dont know how to go about our financials. Zero payments and no collateral are pretty good incentives.

  8. Gunjan Upadhyay says:

    This sounds like the perfect plan for CAs by poonamwalla finance, I am going to share across my friends, I am sure they would be happy with this!

  9. Seems like a great plan for CA’s buddy, it’s so good to know about it. Will share it in my network too

  10. Tina Basu says:

    It is so good to know about this term plan. RIght now the financial situation for many are so bad, proper financial planning is much needed.

  11. Deepika says:

    Poonawala came with a great scheme for CAs.I will share this post to my near and dear CAs.Offerings are amazing.

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